(758) 468-3200
Government Saint Lucia
 
 
 
Home
/
Departments
/
Legislative Drafting
/
Revised Laws of Saint Lucia
/
GAMING, RACING AND BETTING ACT
/
27. Recording of cheques and markers exchanged, redeemed, or consolidated and patrons credit records
2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

saint Lucia
back arrow Back to Revised Laws of Saint Lucia (2023)
back arrow Back to Table of Contents

27.   Recording of cheques and markers exchanged, redeemed, or consolidated and patrons credit records

  1.  

    (1)   A log of all markers exchanged and of all cheques or markers received for redemption, consolidation or substitution shall be prepared on a daily basis, by Marker Bank Cashiers and such marker activity log shall include, at a minimum, the following—

    1.  

      (a)     the aggregate value of the cheques or markers on hand in the cashiers cage at the beginning of each shift;

    1.  

      (b)     for cheques initially accepted and for cheques received for consolidation, redemption or substitution;

      1.  

        (i)     the date of the cheque or marker or the date of the earliest previous cheque or marker where there has been consolidation, redemption or exchange,

      1.  

        (ii)     the name of the drawer of the cheque or marker,

      1.  

        (iii)     the amount of the cheque or marker,

      1.  

        (iv)     the marker serial number for a marker received,

      1.  

        (v)     an indication as to whether the cheque or marker was initially accepted or received as a redemption, consolidation or substitution;

    1.  

      (c)     for cheques or markers deposited, redeemed by patrons for cash or cash equivalents, gaming chips or gaming plaques or any combination thereof, consolidated or replaced—

      1.  

        (i)     the date on which the cheque or marker was deposited, redeemed, consolidated or replaced,

      1.  

        (ii)     the name of the drawer of the cheque or marker,

      1.  

        (iii)     the amount of the cheque or marker,

      1.  

        (iv)     the marker's serial number for a marker deposited, redeemed, consolidated or replaced, and

      1.  

        (v)     an indication as to whether the cheque or marker was deposited, redeemed, consolidated or replaced;

    1.  

      (d)     the total value of the cheques or markers on hand in the cashiers cage at the end of the shift.

  1.  

    (2)   A list of all cheques or markers on hand, including all cheques or markers received for redemption, consolidation or substitution shall be prepared on a monthly basis, at a minimum, and shall include the following—

    1.  

      (a)     the date of the cheque or marker or the date of the earliest previous cheque or marker where there has been consolidation, redemption, or exchange;

    1.  

      (b)     the name of the drawer of the cheque or marker;

    1.  

      (c)     the amount of the cheque or marker; and

    1.  

      (d)     the marker serial number for a marker received.

  1.  

    (3)   At the end of gaming activity each day at a minimum, the following procedures shall be performed—

    1.  

      (a)     the daily total of the amounts of cheques or markers initially recorded as described in subregulation (1)(b) shall be agreed to the daily total of cheques and markers issued;

    1.  

      (b)     the daily total of the cheques or markers indicated as deposited in the log required by subregulation (1)(c) shall be agreed by employees with no incompatible functions to the bank deposit slip corresponding to such cheques or markers; and

    1.  

      (c)     the total required by subregulation (1)(d) shall be agreed to the total of the cheques or markers physically on hand in the cashiers cage.

  1.  

    (4)   A credit file for each patron shall be prepared prior to acceptance of a cheque or marker from a patron by General Imprest Cashiers, Marker Bank Cashier, or a Cage Supervisor and such file shall include, at a minimum, the following—

    1.  

      (a)     the name of the patron accompanied by the signature of the cage cashier indicating examination of identification credentials and a brief description of the identification credentials examined, which shall include a specimen signature;

    1.  

      (b)     the address of the patron;

    1.  

      (c)     the name of the patron's bank;

    1.  

      (d)     the number of the patron's bank account;

    1.  

      (e)     credit references accompanied by the signature of the member Credit Department and the date indicating verification with the patron's bank or a recognised credit bureau or another gaming operator;

    1.  

      (f)     the patron's signature;

    1.  

      (g)     the credit limit, and any changes thereto approved by the signature of the Credit Manager, Assistant Credit Manager, or a Credit Committee which may approve credit as a group, but whose members may not approve credit individually unless such person is included in the job positions referenced above and the Gaming Manager, Assistant Gaming Manager, or Gaming Shift Manager, may have input to the credit limit decision but shall not have approval authority;

    1.  

      (h)     the date and amount of each consolidation of cheque or marker accepted from the patron;

    1.  

      (i)     the date and amount of each redemption transaction;

    1.  

      (j)     the date and amount of each substitution transaction;

    1.  

      (k)     the date and amount of each cheque or marker deposited;

    1.  

      (l)     the details relating to returned cheques or markers;

    1.  

      (m)     a summary of all collection efforts by the gaming operator in respect of the patron and, brief particulars of the relevant facts if any debt is determined to be uncollectible;

    1.  

      (n)     an explanation of why credit was granted if the gaming operator decides to grant credit after discovering some unfavourable information; and

    1.  

      (o)     in the case of a patron with a credit limit of more than $5,000, the credit player's rating based on a continuing evaluation of his or her amount and frequency of play subsequent to the patron's initial receipt of credit, the information for the credit player's rating shall be recorded on a player rating form by a Gaming Supervisor and shall include, but is not limited to, the following—

      1.  

        (i)     patron's name,

      1.  

        (ii)     game and table number,

      1.  

        (iii)     average bet,

      1.  

        (iv)     approximate length of time played,

      1.  

        (v)     rating as determined by Gaming Supervisors,

      1.  

        (vi)     rater's signature,

      1.  

        (vii)     date of observations, and

      1.  

        (viii)     the date and amount of each marker initially accepted from the patron.

  1.  

    (5)   All information recorded on the credit file shall be in accordance with the gaming operator's system of internal control submitted to the Board.

Address

2nd Floor Francis Compton Building, 
Waterfront,
Castries, Saint Lucia

Need help?

Site Map

HomeAbout AG OfficeDepartmentsAccessibilityContact Us

Quick Links

Inland Revenue Department of Government of Saint Lucia (IRD)Government of Saint Lucia Citizenship by Investment Financial Intelligence Authority

Important Links

CARICOMOECSFSRA
 
© 2025 Attorney General's Chambers
Site by